Level VI Pricing applies on any day if no other Pricing Level applies on such day.
Level VI Pricing applies at any date if, at such date, no other Pricing Level applies.
Level VI Pricing means the pricing during any period during which no other Pricing Level applies.
More Definitions of Level VI Pricing
Level VI Pricing applies during any Rate Period if, at the end of the Preceding Fiscal Quarter, the Leverage Ratio was equal to or greater than 3.25 to 1.
Level VI Pricing applies, subject to clauses (a), (b) and (c) of the definition of Pricing Level, (a) from the Adjustment Date (i) following a fiscal quarter for which [____________] until the next subsequent Adjustment Date on which another Pricing Level becomes applicable.
Level VI Pricing applies at any date if, at such date, (i) the Borrower's long-term debt is rated BBB- or higher by S&P or Baa3 or higher by Moody's and (ii) none of Level I Pricing, Level II Pricing, Level III Pricing, Level IV Pricing and Level V Pricing applies.
Level VI Pricing applies if the Debt Rating at the most recent Performance Pricing Determination Date was less than BBB- or Baa3 or if there is no Debt Rating. All determinations hereunder shall be made by the Lessor unless the Majority Funding Parties shall object to any such determination. The Guarantor shall promptly notify the Lessor of any change in the Debt Rating as required in the Operative Documents. SCHEDULE 1.02(c) Limited Recourse Events of Default
Level VI Pricing applies on any day on which Loans are expressly rated BB- or higher by S&P and Ba3 or higher by Xxxxx'x.
Level VI Pricing applies during any Rate Period if, at the end of the Preceding Fiscal Quarter, the Leverage Ratio was greater than 5.0 to 1 and not greater than 5.5 to 1.
Level VI Pricing applies on any day on which the Borrower's long-term debt is rated BB+ or higher by S&P and Ba1 or higher by Moody's.